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Extending a franchise refers to the practice of renewing or prolonging the duration of a franchise agreement, allowing the franchisee to continue operating under the brand for an additional period. This often involves negotiating new terms and conditions, which can include updates to fees, support, and operational guidelines. Extending a franchise can help both the franchisor and franchisee maintain a stable business relationship and capitalize on the established brand's market presence.

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AnswerBot

1w ago

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